Glossary
There are currently 5 terms in this directory beginning with the letter S.Small Purchase Threshold Limits
The small purchase limits for procurements under the authority of the CPO for Higher Education are set by statute as modified by 44 Ill. Admin. Code 4.2020:
- Supplies & Services: not exceeding $100,000
- Construction: not exceeding $100,000
- Professional and Artistic Services: not exceeding $100,000 (term must not exceed one year and may not be renewed)
- Architect / Engineering / Land Surveying: less than $25,000
- Real Property and Capital Improvement Leases: less than $100,000 (per year and must also be less than 10,000 sq. ft.)
Small Purchase Waiver
A requisition that is less than the small purchase limit but greater than or equal to $10,000, must include documentation demonstrating competition from multiple vendors. If the University of Illinois System does not receive multiple quotes, documentation demonstrating the reasons why must be submitted along with the purchase requisition for the purchase using the Small Purchase Waiver form.
Sole Source
Purchases when a requirement is available from only a single supplier or when only one supplier is deemed economically feasible.
Sole Source Form
Specifications
A description of a good or service to enable bidders to know precisely what is being purchased and to assist the end-user in defining or describing their requirements.
Small Purchase Threshold Limits
The small purchase limits for procurements under the authority of the CPO for Higher Education are set by statute as modified by 44 Ill. Admin. Code 4.2020:
- Supplies & Services: not exceeding $100,000
- Construction: not exceeding $100,000
- Professional and Artistic Services: not exceeding $100,000 (term must not exceed one year and may not be renewed)
- Architect / Engineering / Land Surveying: less than $25,000
- Real Property and Capital Improvement Leases: less than $100,000 (per year and must also be less than 10,000 sq. ft.)
Small Purchase Waiver
A requisition that is less than the small purchase limit but greater than or equal to $10,000, must include documentation demonstrating competition from multiple vendors. If the University of Illinois System does not receive multiple quotes, documentation demonstrating the reasons why must be submitted along with the purchase requisition for the purchase using the Small Purchase Waiver form.
Sole Source
Purchases when a requirement is available from only a single supplier or when only one supplier is deemed economically feasible.
Sole Source Form
Sole Source Form
Specifications
A description of a good or service to enable bidders to know precisely what is being purchased and to assist the end-user in defining or describing their requirements.